Casa for Douglas County

“The organization is a tax-exempt organization under section 501(c)(3) of the internal revenue code, but is subject to a tax on income from any unrelated business. On july 1, 2009, the organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Management believes nothing has occurred to negate the organization's exemption from income taxes and related tax filings. Management anticipates that income tax filing positions would be sustained upon examination and does not expect any adjustments that would result in a material adverse effect on the organization's financial condition, activities or cash flows. Accordingly, the organization has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at june 30, 2014. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes the organization is no longer subject to income tax examinations for years prior to fiscal year ended june 30, 2010. The organization's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively, if incurred.”

“Fundraising expense (netted against income on 990) 16,252. Unrealized gain on investments 7,241. Loss on disposal of property and equipment 8,832.”

“Accrual to cash adjustment - insurance proceeds -8,592.”

“Fundraising expenses (netted against income on 990) 16,252.”

“Accrual to cash adjustment - prepaid insurance 11,882. Accrual to cash adjustment - accrued salaries & wages -3,765. Accrual to cash adjustment - accrued office expense -1,338.”